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Author Topic: Bitstamp now needs 18,000 bitcoins to get back to where they were  (Read 1876 times)
Elwar (OP)
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January 07, 2015, 08:13:44 AM
 #21

Either way, those 18,000 are now frozen in a single address unless the hacker can come up with some ingenious way of cashing them out without being tracked.

That is almost like burning 18,000 bitcoins. Definitely bullish.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
bassclef
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January 07, 2015, 08:25:48 AM
 #22

Either way, those 18,000 are now frozen in a single address unless the hacker can come up with some ingenious way of cashing them out without being tracked.

That is almost like burning 18,000 bitcoins. Definitely bullish.

There's already analysis being done on the address. Likely Bitstamp is monitoring it as well. I wonder if he'll try to make a run for it and tumble them quickly.
BitCoinNutJob
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January 07, 2015, 08:43:00 AM
 #23

They should ask Mark Karpeles to reimburse them.

Srsly if you believe this "hack" story you deserve everything that's coming.

Looks like people will be getting their money back though, what do stamp have to gain assuming they reopen as normal.
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January 07, 2015, 08:44:49 AM
 #24

Either way, those 18,000 are now frozen in a single address unless the hacker can come up with some ingenious way of cashing them out without being tracked.

Perhaps the hacker will do a deal with stamp to return the coins for a %.
600watt
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January 07, 2015, 09:46:23 AM
 #25

Either way, those 18,000 are now frozen in a single address unless the hacker can come up with some ingenious way of cashing them out without being tracked.

Perhaps the hacker will do a deal with stamp to return the coins for a %.


the bitstamp owners have funds far beyond my expactations: http://www.siol.net/novice/gospodarstvo/2014/11/lestvica_najbogatejsih_slovencev.aspx

(scroll down to # 43  Shocked)
piramida
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January 07, 2015, 11:04:33 AM
 #26

Either way, those 18,000 are now frozen in a single address unless the hacker can come up with some ingenious way of cashing them out without being tracked.

Perhaps the hacker will do a deal with stamp to return the coins for a %.


the bitstamp owners have funds far beyond my expactations: http://www.siol.net/novice/gospodarstvo/2014/11/lestvica_najbogatejsih_slovencev.aspx

(scroll down to # 43  Shocked)

it is wealth, which most  probably includes bitstamp valuation - not liquid assets or cash.

i am satoshi
N12
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January 07, 2015, 11:12:18 AM
 #27

Either way, those 18,000 are now frozen in a single address unless the hacker can come up with some ingenious way of cashing them out without being tracked.

Perhaps the hacker will do a deal with stamp to return the coins for a %.


the bitstamp owners have funds far beyond my expactations: http://www.siol.net/novice/gospodarstvo/2014/11/lestvica_najbogatejsih_slovencev.aspx

(scroll down to # 43  Shocked)

it is wealth, which most  probably includes bitstamp valuation - not liquid assets or cash.
A valuation that is bound to go down the drain now.
600watt
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January 07, 2015, 01:05:11 PM
 #28

Either way, those 18,000 are now frozen in a single address unless the hacker can come up with some ingenious way of cashing them out without being tracked.

Perhaps the hacker will do a deal with stamp to return the coins for a %.


the bitstamp owners have funds far beyond my expactations: http://www.siol.net/novice/gospodarstvo/2014/11/lestvica_najbogatejsih_slovencev.aspx

(scroll down to # 43  Shocked)

it is wealth, which most  probably includes bitstamp valuation - not liquid assets or cash.
A valuation that is bound to go down the drain now.

no, must be cash in their mattresses  Wink
bclcjunkie
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January 08, 2015, 02:38:10 AM
 #29

+1.. bitchstamp isn't stupid to just run wild and start panic buying that's what noobs do Cheesy

All they need to do, and probably all they can do is fix the hole and re-open. This will IMO not be an overnight fix, especially if police are involved and a full investigation is required. Not sure how you do this whilst operating the exchange, even if you have found and fixed the attack vector.
Meanwhile, some, fearing the worst, could lose patience and sell. Hell, Stamp might even make a profit on the whole thing (EDIT : not 'profit', but  lose less than reported by buying cheaper than price at time of theft ). All it takes is a margin cascade at BFX and bingo, Stamp has plenty of coins to buy. I am sure that is one of the calls that has been made. Not in a conspiracy way, but in a 'we would buy the coins from any forced sellers'.

Where did that 10k of bids disappear to from BFX? Yesterday I would have said we looked vulnerable to a short squeeze. Now I think the longs should be equally concerned. This could escalate very quickly, but at least we know there is probably an extra buyer down below.

Just a story, like all the rest of the speculation here, but another way they might acquire the coins and why IMO there is no pressure for them to do anything in a hurry. They could probably afford to wait for the next SR auction. Pretty sure we will see the USMS back again before we reach $500. Yup, would cost a bit more, but they can afford it and its better than disrupting the market more than they already have.
As has been said, if there was a run, they could likely borrow as many coins as they need from multiple sources.

One thing they will not be doing is panic buying. That's what people here do  Cheesy
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